Copper prices fell as the dollar rose |pipe fitting

 

 

London, September 25: London Metal Exchange (LME) copper futures closed lower Thursday, affected by a stronger dollar and China identified billions of dollars to influence metal as collateral for bad loans.
Closed mixed in the afternoon trading, LME 3-month copper futures contract fell 0.7% tonne 6,695.00 US dollars.
United States the bleak performance of the durable goods orders slowed the dollar's rise, but the pace didn't stop the dollar's rise.
Sucden Financial's Liz Grant said news that China established a false amount of entrepot trade documents nearly a billion dollars, which also have a negative impact on base metals market as a whole.
Two countries are the world's first large and second-largest copper consumer, therefore, the copper price movements are closely related to the economic fortunes of the two countries.
Other base metals all fell. Aluminium ended down 1.3%, tonne 1,950.00 US dollars. Zinc price ended down 0.7%, tonne 2,266.00 US dollars. Nickel closed down 0.4% tonne 17,325.00 US dollars. Lead closed down 0.9% tonne 2,073.00 US dollars. Tin price ended down 2.5%, tonne 20,750.00 USD

 

London, September 25: London Metal Exchange (LME) copper futures closed lower Thursday, affected by a stronger dollar and China identified billions of dollars to influence metal as collateral for bad loans.

 

Closed mixed in the afternoon trading, LME 3-month copper futures contract fell 0.7% tonne 6,695.00 US dollars.

 

 

United States the bleak performance of the durable goods orders slowed the dollar's rise, but the pace didn't stop the dollar's rise.

 

 

Sucden Financial's Liz Grant said news that China established a false amount of entrepot trade documents nearly a billion dollars, which also have a negative impact on base metals market as a whole.

 

 

Two countries are the world's first large and second-largest copper consumer, therefore, the copper price movements are closely related to the economic fortunes of the two countries.

 

 

Other base metals all fell. Aluminium ended down 1.3%, tonne 1,950.00 US dollars. Zinc price ended down 0.7%, tonne 2,266.00 US dollars. Nickel closed down 0.4% tonne 17,325.00 US dollars. Lead closed down 0.9% tonne 2,073.00 US dollars. Tin price ended down 2.5%, tonne 20,750.00 USD

 

 

 

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